Self-organization of markets: an example of a computational approach
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Agent-organized networks for multi-agent production and exchange
AAAI'05 Proceedings of the 20th national conference on Artificial intelligence - Volume 1
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ALA'09 Proceedings of the Second international conference on Adaptive and Learning Agents
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Consider autonomous agents endowed with two goods and the capability of producing each. Regularly each agent can produce one (only) of the goods or trade with other agents. Each good yields utility according to a utility function. This paper studies how utility-maximizing agents optimize in these circumstances, examines the aggregate characteristics of the resulting economy, and investigates the internal organization of production and exchange.